Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
IPO News

| More

Juniper Hotels gets Sebi nod for its Rs 1,800 crore IPO

Posted On: 2024-02-08 10:58:19 (Time Zone: IST)


Juniper Hotels Ltd, which runs hotels under the "Hyatt" brand, has received final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI), to raise Rs 1800 crore through an initial public offering (IPO).

The company had filed preliminary IPO papers with Sebi on September 28, 2023.

The IPO with a face value of Rs 10 is entirely through a fresh issue of equity shares with no Offer for Sale (OFS) component.

The company, in consultation with the lead bankers to the issue, may consider a further issue of equity shares on a private placement for cash consideration aggregating up to Rs 350 crore ("Pre-IPO Placement"). If such placement is completed, the fresh issue size will be reduced.

The company proposes to use the net proceeds of Rs 1,500 crore towards repayment, prepayment, or redemption, in full or in part, of certain outstanding borrowings (including payment of the interest accrued thereon) availed by the company and its subsidiaries and for general corporate purposes.

Juniper Hotels is co-owned by Saraf Hotels Limited and Two Seas Holdings Limited, an affiliate of the prominent global hospitality entity, Hyatt Hotels Corporation. It functions as a luxury hotel development and ownership enterprise, and owns 20% of the total 1836 "Hyatt" affiliated hotel keys in India as of June 30, 2023, as outlined in the Horwath Report cited in the DRHP. The company manages a diverse portfolio consisting of seven hotels and serviced apartments.

Their hotels and serviced apartments span across various categories including luxury, upper upscale, and upscale, located across six strategic cities in Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi. Notably, the Grand Hyatt Mumbai Hotel and Residences holds the distinction of being the largest hotel in India.

For the fiscal year 2023, revenue from operations increased by 116.03% to Rs 666.85 crore against Rs 308.69 crore a year ago. Net loss narrowed to Rs 1.5 crore in fiscal 2023 over Rs 188.03 crore in fiscal 2022.

JM Financial Limited, CLSA India Private Limited, and ICICI Securities Limited are the book-running lead managers, and KFin Technologies Limited is the registrar of the offer. The equity shares are proposed to be listed on the BSE and NSE.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

GPT Healthcare Limited raises Rs. 157.54 crore from Anchor Investors

Juniper Hotels IPO Retail Portion subscribed 52% on Day 1

IT Solutions provider Orient Technologies files DRHP for IPO

Juniper Hotels Limited raises Rs. 810 crore from Anchor Investors

IPO of GPT Healthcare Limited to open on Thursday, February 22, 2024, price band set at ?177/- to ?186/- per Equity Share

Gala Precision Engineering files DRHP for IPO

Vibhor Steel Tubes IPO subscribed 320 times with bids worth Rs. 16,211 crore

IPO of Juniper Hotels Limited to open on Wednesday, February 21, 2024, price band set at ?342 to ?360 per equity share

Gopal Snacks Limited gets Sebi nod for Rs 650 crore IPO

Vibhor Steel Tubes IPO gets subscribed within 30 minutes of opening

Trust Fintech Limited, SaaS product-focused fintech software solution provider, files DRHP

Interiors and More Limited IPO to open for subscription on Feb 15, 2024

Rashi Peripherals IPO subscribed 59.71 times on Final Day

Rashi Peripherals IPO subscribed 3.19 times on Day 2

Rashi Peripherals IPO fully subscribed on Day 1 led by NII and Retail

Rashi Peripherals Limited raises Rs. 180 crore from Anchor Investors

IPO of Rashi Peripherals Ltd to open on Wednesday 7 February, 2024, price band set at ?295 to ?311 per Equity Share

KP Green Engineering Limited files DRHP for SME IPO

Nova Agritech IPO subscribed 109.36 times on Final Day

Fonebox Retail Limited anchor book fully subscribed

Nova Agritech IPO subscribed 33.87 times on Day 2

TCS Ranks No. 1 in Customer Satisfaction in France for 5th year

Nova Agritech IPO subscribed 9.75 times on Day 1 led by Retail and NII

Nova Agritech Limited raises ? 43.14 crore from Anchor Investors

IT Solutions major, Rashi Peripherals raised Rs 150 crore in Pre-IPO round

Fonebox Retail IPO date has been set, with the IPO opening on January 24

Nova Agritech Limited's IPO to open on Monday January 22, 2024

Medi Assist Healthcare Services Ltd IPO opens for subscription on Monday - Jan 15, 2024

Konstelec Engineers Limited plans to raise around 25 crores through an IPO, aiming to be listed on NSE Emerge this January

Payment Platform MobiKwik refiles DRHP with SEBI for Rs 700 crore IPO

Jyoti CNC Automation Limited's IPO to open on January 09, 2024

Gretex Share Broking files papers for IPO

Diffusion Engineers files DRHP with SEBI for IPO

Rays Power Infra files DRHP for IPO

FirstCry.com files DRHP for IPO

Emmforce Autotech Ltd files DRHP with BSE SME

Innova Captab IPO subscribed 55.26 times on Final Day

Tamilnadu Coke & Power Limited files DRHP with NSE Emerge

Innova Captab IPO subscribed 3.54 times on Day 2

Ola Electric files DRHP for IPO

Awfis Space Solutions Limited files DRHP with SEBI

Innova Captab IPO subscribed 1.41 times on Day 1

Credo Brands Marketing IPO subscribed 51.85 times on Final Day

Happy Forgings Ltd IPO subscribed 82.04 times on Day 3

RBZ Jewellers IPO subscribed 16.86 times on Final Day

Innova Captab Limited raises Rs. 171 crore from Anchor Investors

Credo Brands Marketing IPO subscribed 6.95 times on Day 2

Motisons Jewellers IPO subscribed 159.61 times on Final Day

Happy Forgings Limited's IPO subscribed 7.47 times on Day 2

RBZ Jewellers IPO subscribed 7.15 times on Day 2


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020